The Euro/USD continued its rally and rose for the third consecutive day. Many other currencies also appreciated against the USD including Australian dollar and Great Britain Pound. Major commodities prices such as oil prices and gold price also sharply increased during Wednesday’s trading.
Here is a summary of the development of major currencies for January 25th:
The Euros to US Dollar rose by 0.54% to 1.3106; during January, the EUROS/USD gained 1.12%. The Australian Dollar to US Dollar also rose by 1.0% and reached 1.0598.
The U.S dollar to Canadian exchange rate fell by 0.46% on Wednesday to 1.0043. During January the USD/CAD exchange rate fell by 1.66%.
The GBP to USD rate slightly increased by 0.20% to reach 1.5658; during the month, the GBP to USD increased by 0.74%.
On the other hand, the U.S Dollar appreciated against the Yen by 0.15% and reached 77.7811.
Gold price sharply increased on Wednesday by 2.31% to $1,703.0. During January, gold has gained 8.69% to its value.
WTI oil price also rose by 0.38% and reached $99.13 per barrel; during January the WTI spot oil price added 0.30% to its value.
A Summary of Yesterday’s Exchange Rate Changes:
The table below includes: closing prices, daily percent change, and change in prices and indexes:
For further reading:
- Weekly Outlook for 23-27 January
- Gold and Silver Prices Weekly Outlook for January 23-27
- Gold and Silver Prices Outlook for January 2012